NDA for strategy automation

Discussion in 'Automated Trading' started by the_inspector, Feb 21, 2007.

  1. Hello ETers,

    I have a question:

    Lets say one reveals the details of a strategy to a programmer, who has signed a Non Disclosure Agreement, for automation purposes. If the programmer goes ahead and uses the strategy for his personal trading, how can one prove this?

  2. bump
  3. onelot


    if the guy intends to break the nda, then it's pretty much worthless. be very hard to prove anything.

    find someone you can trust, or roll your own.
  4. doli


    Don't NDAs prevent disclosure to a 3rd party?
  5. If NDA's are worthless, why are they so commonly used?

    How can one get his trading automated without revealing the strategy?